Norwegian salmon price seen at NOK 53-56/kilo next week - industry sources

Austevoll Seafood ASA

30/11/2018 13:05

OSLO, Nov 30 (Reuters) - Norwegian farmed salmon is expected
to trade in a 53-56 crowns per kilo price range for deliveries
in Oslo next week, compared to 53-54 crowns this week, two
industry sources told Reuters on Friday.
    "We expect 53-54 crowns per kilo. When we try to push prices
higher, the buyers go away," said a producer who declined to be
named.
    "It seems customers have bought fish for storage in
anticipation of higher prices before Christmas and we no longer
expect a Christmas rally," the producer added.
    Prices this week had been expected in the range 50-51 crowns
per kilo but came out at about 53-54 crowns.
    An exporter predicted prices in the range 55-56 crowns.
    "We are hoping that prices can remain at this level but we
doubt prices will surge much more before Christmas, " the
exporter said.
    In the forward market, prices for all contracts up to 2020
-- except for the November 2018 and third-quarter 2019 contracts
-- were quoted above 60 crowns per kilo.   
    The highest price was for the second quarter 2019 contract,
which stood at 65.50 crowns per kilo, little changed from the
previous week.

 (Reporting by Ole Petter Skonnord, editing by Terje Solsvik)
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;))